Token Type: CRC-20 Soulbound

Token Address: 0x0a060A9355b785e52C96B611965f87cEfffEdEf9

Blog Post

Understanding the Bank & Mitama System on Ebisu’s Bay

$Mitama is a soul-bound token which is gained by staking $Fortune. $Mitama represents users’ governance on Ebisu’s Bay as well as users’ ownership of battle units: the longer they stake their tokens, the more troops they receive for each unit of tokens staked.

In order to receive $Mitama a player must stake their Fortune tokens in the Bank for AT LEAST the duration of 1 season (90 days).

$$ mitama = \frac{\$Fortune_{deposited} * days_{locked}} {MAX_{days}} $$

Staking will also generate a traditional APR yield with boosts per season locked. In addition, the higher the level of the bank building, the higher the APR yield received. Additional tokens may be added to the lock period at anytime.

The APR from staking goes into the seasonal release pool for user.

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